IVA for a dummy

SkintKlint

Sorry if this is the stupidest post of the day, but despite routing through reams and reams of info on IVAs I just can't get my head around them.

Has anybody got some real life experience of IVAs? - are they much different from bancruptcy (sic?) - what are the pros and cons?

Thanks for any help

fermi

There is an article/factsheet available on the main site that explains how IVA's work and who they are suitable for.

Copied from the main site:

Link: IVAs are they worth it?: Free guide to download and print
Contrary to the TV adverts’ hype, Individual Voluntary Arrangements won’t magically wipe out your debts; they’re are a cut down form of bankruptcy, only suitable for specific people. This detailed free PDF, will explain how they really work, whether they’re right for you, and the alternatives.

SkintKlint

How could I have missed it!... new glasses for me!

Thanks very much